GBPNZD Long Trade Setup
Hello Traders
After a drop for about 2000 pips without a decent correction, I think it's time for a bigger correction. The last low can be the end of the drop and what we have after that can be a reversal structure. I'm waiting for a trade setup to place a pending order. I plan to move SL to BE when the last top is broken since there is a chance for another downward impulse under the blue trendline. I don't target any specific level. When I see the end of the next impulse, I'll book my profit.
Trade with care.
Bulent
After a drop for about 2000 pips without a decent correction, I think it's time for a bigger correction. The last low can be the end of the drop and what we have after that can be a reversal structure. I'm waiting for a trade setup to place a pending order. I plan to move SL to BE when the last top is broken since there is a chance for another downward impulse under the blue trendline. I don't target any specific level. When I see the end of the next impulse, I'll book my profit.
Trade with care.
Bulent
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.